Real Estate Trends - Palmdale, Lancaster, May 30, 2012
By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, May 30, 2012 Are short sale coming to and end sooner than we think? If you look at the current trend in the Antelope Valley Palmdale and Lancaster California, that could be a good guess. Equity is the new dominate completed sale and over 59% of our local market today’s figurers show. This in excellent news for frustrated buyers as we all know closing a short sale can take some time for all the pieces to fall into place. And sellers too can see this as a positive direction for the real estate market. Now this is a local trend and not something you are going to see on the news. Back in 2008 and 09 over 9,000 bank-owned homes were sold. Since January 1 2010 we have sold over 2,600 short sales with over 2,500 in the pipeline and only 1013...